USELESS

Alert

Funding spread now, next payment 19:00 UTC−0.5100%/8h

paid, last 24h−1.431%paid, last 4 days−1.298%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid -1.298% in total (about -127.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX USELESS-USDT	0.2845	0.0100	pay 0.0050% / 4h	1h 41m	—	$1.3M	10x
Short	Injective USELESS/USDC PERP	0.2937	−0.5000	pay 0.0625% / 1h	41m 55s	$855	$14K	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee InjectivebpOrdersRate

Funding earned: −$1,071
Slippage, 4 orders: no order book: not counted
Fee SunX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,081.02
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +3.230%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 9 min ago	45.38 bp	64.8 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

USELESS on 24 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective USELESS/USDC PERPshort	−0.5000%	1h	$855	$14K	5.5x
Lighter USELESS	+0.0096%	1h	$1.3M	$944K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$32K	$76K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.7M	$57.6M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.8M	$6.5M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$7.9M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$35K	$695K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$27K	$119K	3x	as long as short
SunX USELESS-USDTlong	+0.0100%	4h	—	$1.3M	10x
HTX USELESS-USDT	+0.0100%	4h	$20K	$337K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$519K	$1.2M	20x	as long as short
Bitget USELESSUSDT	+0.0162%	4h	$5.4M	$7.1M	20x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	$10K	—	3x	as long as short
edgeX USELESSUSDC	+0.0365%	4h	$22K	$187K	10x	as long as short
Bybit USELESSUSDT	+0.0368%	4h	$27.8M	$37.3M	13x	as long as short
Variational Omni USELESS	+0.0370%	4h	$1.2M	$1.5M	—	as long as short
MEXC USELESS_USDT	+0.0378%	4h	$18.8M	$4.9M	50x	as long as short
Binance USELESSUSDT	+0.0380%	4h	$24.1M	$93.6M	50x	as long as short
Extended USELESS-USD	+0.0384%	1h	$260K	$921K	5x	as long as short
BingX USELESS-USDT	+0.0391%	4h	—	$4.4M	—	as long as short
BloFin USELESS-USDT	+0.0627%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0718%	1h	$13.8M	$15.7M	3x	as long as short
Aster USELESSUSDT	+0.0867%	4h	$590K	$1.8M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.0908%	4h	$22K	$1.4M	10x	as long as short